Think Bigger Capital launches first fund with EUR30m target
Think Bigger Capital, Demium’s Asset Management Company, has launched its first fund (TBF I) with a target size of EUR30 million.
The fund, which will focus on investing in technology and innovation companies in Europe, invests at least EUR100k of pre-seed funding for an equity stake in each company that completes the Demium incubation programme and is selected by the investment committee. The asset manager's selection criteria are independent of those of Demium Startups.
Selected companies will receive mentoring and assistance with their project to best prepare them to qualify for pre-seed investment with Demium’s asset management company.
Currently, the company has raised 78 per cent of the fund’s target size. Anchor investors include Fond-ICO Global, the first public venture capital "Fund of Funds" to be created in Spain and the IVF (Institute Valencià de Finances) Fund Program for high growth ICT based startups (with the participation of FEDER). The Fund also counts on multiple Spanish and European Family offices among its Limited Partners. Demium’s partner fund plans to invest EUR100k in 150 startups, and reserves an additional 37.5 per cent of the fund for follow-on investments.
The Asset Management Company is run by Alvaro Villacorta Previously, Villacorta founded and ran Food Messenger, a food-delivery company acquired by Rocket Internet in 2015 and has worked with Demium since 2017 – most recently as its Vice-President of Incubation. Luis Martínez-Curt, Nicolás Gerardi and Santiago Reyna complete the Board of Directors. Additionally, Jorge Dobón – Demium’s Founder and Executive Chairman – sits on the Fund’s Investment committee.
Raising TBC I is a first step in the company’s strategy to raise a family of regional funds to invest in Startups in Spain, Portugal, Greece and Eastern Europe.